NVCA Statement on GENIUS Act Passage

WASHINGTON, DC – National Venture Capital Association (NVCA) President and CEO Bobby Franklin issued the following statement after the Senate voted to pass the GENIUS Act:  

“The Senate’s passage of the bipartisan GENIUS Act represents a major step forward in providing a clear and consistent regulatory framework for stablecoins—one that supports innovation, empowers entrepreneurs, and builds the foundation for the next generation of financial technologies. A robust stablecoin framework not only strengthens America’s position in global fintech leadership but also enhances the venture capital industry’s ability to back transformative companies driving this growth.”  

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The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the U.S. venture capital and startup community, NVCA advocates for public policy that supports the American entrepreneurial ecosystem. Serving the venture community as the preeminent trade association, NVCA arms the venture community for success, serving as the leading resource for venture capital data, practical education, peer-led initiatives, and networking. For more information about NVCA, please visit www.nvca.org.